As stated by the EIB, the project concerns a multiple beneficiary intermediated loan (MBIL) with the second largest public sector bank in the Netherlands (NWB Bank) to finance small and medium scale projects promoted by the water authorities. Sub-projects will be investments in flood protection and water management.
This will be the fourth operation with NWB Bank. The third loan was fully disbursed in 2022. Similarly to this one, the proposed loan will exclusively finance investments in the water sector, and the intended beneficiaries of the loan are water authorities in the Netherlands.
The loan proceeds will be utilised during 2024-2026 to finance investments in flood defenses and water resource management, to ensure continued compliance with EU Directives and national guidelines.
As stated by Bloomberg, Nederlandse Waterschapsbank N.V. provides banking services. The Bank offers short term and long term loan for water boards, municipal authorities, public sector institutions, housing corporation, healthcare, and educational institutions, as well as funds transfers and payment services. Nederlandse Waterschapsbank serves clients in the Netherlands.
No project contacts provided at the time of disclosure.
Financial Intermediary - Nederlandse Waterschapsbank NV:
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